Daily Debrief: What Happened Today
Stories you might have missed
The big car certificate of entitlement (COE) premium rebounded even as the small car premium remained exactly the same.
Singapore to postpone bank capital rules; follows HK, Australia delays
Singapore's banking regulator has told lenders it will delay by a year the implementation of global rules designed to rein in trading risks - the latest sign that the post-crisis overhaul of the world's banking system may be stalling.
Singapore and Brunei celebrate 50 years of Currency Interchangeability Agreement
A set of special notes to celebrate the Currency Interchangeability Agreement between Singapore and Brunei has been launched to commemorate 50 years of cooperation between both countries.
Ascott ups stake in apartment hotel operator Quest for A$180m
Capitaland's wholly owned serviced residence business, The Ascott Limited, is acquiring an additional 60 per cent stake in Quest Apartment Hotels for A$180 million (S$191 million).
Singapore condemns North Korea's 'provocative' missile test
Singapore on Wednesday condemned North Korea's ballistic missile test that the pariah state said was a "gift" for the United States on Independence Day. The intercontinental ballistic missile (ICBM) travelled little more than 900km before plunging into the Sea of Japan on Tuesday.
Malaysia's export growth seen surging again in May: poll
Malaysia's exports likely rose for the seventh straight month in May, boosted by firmer prices and stronger demand for the country's key commodities, a Reuters poll showed.
The STI Today
Singapore stocks rebound; STI gains 1.2% to 3,248.71
Singapore stocks bounced back on Wednesday, with buoyant oil prices and a regional rebound helping the Straits Times Index (STI) to gain 1.17 per cent or 37.54 points to close at 3,248.71.
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International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month